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Vietnam’s real estate market recorded notable developments in legal procedures, finance and project implementation. The Ministry of Agriculture and Environment asked provincial and municipal authorities to end the repeated return of land dossiers and strictly handle officials who cause difficulties or favor applications submitted through brokers. In Ho Chi Minh City, the municipal government proposed five revenue sources from projects that directly benefit from planning and urban railway infrastructure in areas developed under the transit-oriented development model. However, many urban areas in the city still have vacant school land because of handover regulations dating back more than 20 years. Da Nang will continue allocating and leasing land for two urban projects near Hoi An under a special mechanism, while the Angel Island project in Dong Nai has taken another legal step after waiting for implementation for more than 20 years, following the publication of its environmental impact ...

The real estate market recorded notable developments in legal procedures, finance and project progress. In Dong Nai, Angel Island, a more than 200-hectare urban area with total investment of VND 20 trillion, reached a new milestone as the consultation dossier for its environmental impact assessment was made public after more than 20 years of waiting. Meanwhile, the industry’s debt-to-equity ratio rose to 0.72 times at the end of June, the highest level in the past 15 quarters. Financial pressure was also reflected in HDBank’s notice to seize 26 land plots and various property rights belonging to Hoang Quan Real Estate, as the company still owed nearly VND 900 billion to the bank. On the cash flow support side, Izumi City introduced a payment plan allowing buyers to pay 60% to receive their homes, while the next 35% would be guaranteed by the bank and paid according to progress over 24 months. Housing supply and end-user demand remained in focus. Hundreds of social housing units in Ki...

A notable development in the real estate market is the tightening of regulations on transactions and residential use. Under Decree 339, trading floors, brokers and consultancy units that fail to report suspicious or high-value transactions may be fined from VND 40 million to VND 80 million. Using apartments for purposes other than residential use may also result in fines ranging from VND 100 million to VND 130 million. Meanwhile, market demand remains weak, with transaction volumes in several segments falling by 60% to 70% in July as buyers remained cautious about housing prices and borrowing costs. Many real estate companies have had to scale down operations, cut expenses and seek partners to maintain cash flow amid weaker liquidity, higher interest rates and tighter credit controls. In project news, Bcons introduced Bcons Central Park in Tam Hiep Ward, Dong Nai City, covering approximately 2.7 hectares and comprising 2,820 apartments. More than 800 social housing units at the Hoang...

Vietnam’s real estate market continues to show clear differentiation. Purchasing power in July fell by 60-70% across several segments as customers remained cautious about home prices and borrowing costs, while supply in the first half of the year increased by approximately 40%, with most new products concentrated in high-priced areas or locations far from city centers. Secondary apartment prices in several localities have started to adjust, while land prices declined by about 2-3% from the previous quarter, according to the Ministry of Construction. Weak liquidity, rising interest rates and tighter credit controls have also forced many property companies to scale down operations, cut costs and seek partners to maintain cash flow. HoREA said that more than 146,000 condotels and other emerging accommodation property types need to be governed by a unified legal framework. Regarding policy and project development, Thanh Hoa has approved the 1:500 detailed planning for a service urban are...

The domestic real estate market is showing mixed developments. Supply increased by around 40% in the first half of the year, but most products are either high-priced or located far from central areas, while rising borrowing costs continue to make home purchases difficult for many people. Secondary apartment prices have begun to adjust in several localities, while land prices fell by around 2-3% from the previous quarter, according to the Ministry of Construction. In the affordable housing segment, the Hoang Nam Uyen Hung 2 social housing project in Tan Uyen Ward, Ho Chi Minh City, is expected to begin accepting purchase applications in the fourth quarter. The project has more than 800 units, with a provisional price starting at VND 19.8 million per square meter. Meanwhile, HoREA said that more than 146,000 accommodation real estate products, including condotels and new types of lodging, need to be governed by a unified legal framework. Many property companies are still being forced to ...

Vietnam’s real estate market is recording mixed developments. Supply in the first half of the year increased by about 40%, but most products are either high-priced or located far from central areas, while higher borrowing costs continue to make home purchases difficult for many people. In the social housing segment, the Hoang Nam Uyen Hung 2 project in Tan Uyen Ward, Ho Chi Minh City, is expected to accept applications in the fourth quarter, offering more than 800 units at a provisional price from VND 19.8 million per square meter. In Quang Ninh, Vingroup has been approved to sell more than 3,200 low-rise homes at the Ha Long Xanh integrated township. Ho Chi Minh City is also preparing to auction 92 hectares of land in Ben Cat, with a provisional starting price of more than VND 2,756 billion. From the business and investment perspective, declining liquidity, rising interest rates and tighter credit controls are forcing many property companies to scale down operations, cut costs and s...

The real estate market is seeing notable developments in supply, prices and regulatory management. According to the Ministry of Construction, secondary apartment prices in many localities have begun to adjust, while land plot prices fell by around 2 to 3 percent compared with the previous quarter. Although supply increased by approximately 40 percent in the first half of the year, most products are either highly priced or located far from central areas. Higher borrowing costs have also made homeownership difficult for many people. In the social housing segment, Ho Chi Minh City has started construction of the CT-3 project in Binh Hung Commune, adding 342 apartments. Meanwhile, Vinhomes’ more than 600 hectare mixed-use urban area in southern Hanoi is expected to include resettlement housing, social housing and commercial housing for more than 105,000 residents. Regarding project supply and investment activity, the Quang Ninh Department of Construction approved Vingroup’s sale of more ...